May 15, 2025
Caribbean Producers Jamaica Limited (CPJ)
Unaudited Financials for the First Quarter Ended March 31, 2025:
All figures are stated in USD unless otherwise indicated.
Caribbean Producers Jamaica Limited (CPJ) reported a 22% increase in gross operating revenue, totaling US$45.97 million for the first quarter ended March 31, 2025, compared to US$37.83 million in the corresponding three months of the previous year.
Cost of Operating Revenue amounted to US$33.30 million (2024: US$26.25 million), representing a 27% year-over-year increase. Consequently, gross profit rose by 9% to US$12.67 million, compared to US$11.59 million for the first quarter ended March 31, 2024.
Selling and Administrative Expenses increased by 6% to US$7.93 million (2024: US$7.45 million), while Depreciation decreased by 2%, from US$1.22 million in 2024 to US$1.20 million for the three-month period. As a result, Other Operating Income for the first quarter amounted to US$1,364, a 97% decrease relative to US$52,242 reported in 2024.
Operating Profit for the three months amounted to US$3.48 million, a 20% increase compared to US$2.90 million reported in 2024.
Finance Income totaled US$310, a 15% increase from the corresponding period last year (2024: US$270), while Finance Cost for the first quarter ended March 31, 2025, amounted to US$1.03 million, a 15% increase relative to US$896,581 reported in 2024.
Profit Before Taxation for the three months increased by 22% to reach US$2.45 million (2024: US$2.00 million). Taxation for the period amounted to US$641,236 (2024: US$593,772). Net Profit for the three months amounted to US$1.81 million, a 29% increase from the US$1.41 million reported in 2024.
Consequently, Earnings Per Share (EPS) for the three months amounted to US$0.16 (2024: US$0.13). The twelve-month trailing EPS was US$0.63, and the number of shares used in these calculations was 1,100,000,000. Notably, CPJ’s stock price closed the trading period on May 14, 2025, at $8.02, with a corresponding P/E ratio of 8.03x.
Balance Sheet Highlights
The company’s assets totaled US$103.29 million (2024: US$101.86 million). This increase was attributable to Property, Plant and Equipment, which amounted to US$17.16 million (2024: US$13.48 million).
Shareholders’ Equity was US$39.99 million (2024: US$33.67 million), representing a book value per share of US$0.031 (2024: US$0.024).
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